Public finance

Puerto Rico has released three key reports since July 10.

Despite recent softness, the supply demand imbalance is uplifting the market, according to a new report.

New Jersey’s shift toward giving firefighters and police officers control of their pension fund decisions may hamstring future efforts to control benefit costs, according to Moody’s Investors Service.

The MSRB is hurrying to release multiple rounds of guidance on its pending muni advisor advertising rule, but industry groups say the first round could use some polish.

Municipal bonds were mixed ahead of this week’s $4.4 billion calendar.

The West Virginia Parkways Authority prices senior lien turnpike toll revenue bonds Tuesday as part of the state’s Roads to Prosperity Program.

The pension funding problems reflect several decades of underpayments, said Rep. Jonathan Steinberg, who chairs a commission formed to tackle the problem.

Some big deals are heading into the municipal bond marketplace this week as sales from a convention center in Washington state and the state of Maryland will be offered to buyers still flush with cash from the June-July redemption period.

But Eduardo Bhatia, minority leader of the Puerto Rico Senate, said he welcomes the proposal for $7.5 billion in debt relief.

Weekly municipal bond volume is estimated at $4.4 billion for the upcoming week.

U.S. Virgin Islands Gov. Kenneth Mapp said the project will lead to an additional $615 million in direct revenues for the government over the next 10 fiscal years.

The rating is one level below Advocate's existing rating and two higher than Aurora's.

The Public Employee Pension Transparency Act (HR 6290) would prohibit states and localities from issuing tax-exempt bonds unless they file annual reports on their public pension systems to the U.S. Treasury Department.

The county anticipates pricing for the week of Aug. 6th.

Municipal bond volume will dip to under $5 billion next week, according to estimates released on Friday.

A negotiated transaction may help Maine limit the yield penalty from Gov. Paul LePage's last-minute cancellation of the sale last month.

The bond will help with housing recovery in the city that lost 4,600 homes to a wildfire.

Vicki Fuller is retiring after six years as the state pension fund’s chief investment officer.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 3.99% from 3.97% the week before.

New revenue sources for operating and capital budgets are necessary for the transit authority to cover a widening outyear gap, CFO Robert Foran said.